Richardson Electronics
Market Cap
US$55.2m
Last Updated
2020/05/31 03:40 UTC
Data Sources
Company Financials
Executive Summary
Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America.
Risk Analysis
Snowflake Analysis
Average dividend payer with adequate balance sheet.
Similar Companies
Share Price & News
How has Richardson Electronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RELL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
5.3%
RELL
4.3%
US Electronic
2.9%
US Market
1 Year Return
-17.3%
RELL
9.6%
US Electronic
9.5%
US Market
Return vs Industry: RELL underperformed the US Electronic industry which returned 9.6% over the past year.
Return vs Market: RELL underperformed the US Market which returned 9.5% over the past year.
Shareholder returns
| RELL | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.3% | 4.3% | 2.9% |
| 30 Day | 5.8% | 5.8% | 5.1% |
| 90 Day | -8.3% | 2.6% | 2.5% |
| 1 Year | -13.2%-17.3% | 10.8%9.6% | 12.0%9.5% |
| 3 Year | -22.4%-30.8% | 18.2%14.8% | 30.8%22.1% |
| 5 Year | -37.2%-48.5% | 56.5%48.9% | 57.4%39.7% |
Price Volatility Vs. Market
How volatile is Richardson Electronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
What Type Of Shareholder Owns Richardson Electronics, Ltd.'s (NASDAQ:RELL)?4 weeks ago | Simply Wall St
It Might Not Be A Great Idea To Buy Richardson Electronics, Ltd. (NASDAQ:RELL) For Its Next Dividend1 month ago | Simply Wall St
Does Richardson Electronics, Ltd.'s (NASDAQ:RELL) CEO Pay Reflect Performance?Valuation
Is Richardson Electronics undervalued compared to its fair value and its price relative to the market?
0.46x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: RELL ($4.2) is trading above our estimate of fair value ($1.82)
Significantly Below Fair Value: RELL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RELL is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: RELL is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RELL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RELL is good value based on its PB Ratio (0.5x) compared to the US Electronic industry average (1.8x).
Next Steps
Future Growth
How is Richardson Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
31.3%
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Richardson Electronics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Richardson Electronics's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Tech industry.
Past Performance
How has Richardson Electronics performed over the past 5 years?
15.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RELL is currently unprofitable.
Growing Profit Margin: RELL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RELL is unprofitable, but has reduced losses over the past 5 years at a rate of 15.9% per year.
Accelerating Growth: Unable to compare RELL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RELL is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-8%).
Return on Equity
High ROE: RELL has a negative Return on Equity (-5.74%), as it is currently unprofitable.
Next Steps
Financial Health
How is Richardson Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: RELL's short term assets ($126.5M) exceed its short term liabilities ($27.2M).
Long Term Liabilities: RELL's short term assets ($126.5M) exceed its long term liabilities ($3.3M).
Debt to Equity History and Analysis
Debt Level: RELL is debt free.
Reducing Debt: RELL has not had any debt for past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if RELL has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RELL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Richardson Electronics's current dividend yield, its reliability and sustainability?
5.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RELL's dividend (5.71%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: RELL's dividend (5.71%) is in the top 25% of dividend payers in the US market (4.52%)
Stability and Growth of Payments
Stable Dividend: RELL's dividends per share have been stable in the past 10 years.
Growing Dividend: RELL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: RELL is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.0yrs
Average management tenure
CEO
Edward Richardson (77yo)
30.58yrs
Tenure
US$1,263,300
Compensation
Mr. Edward J. Richardson serves as CEO, COO & Chairman at Richardson Electronics Ltd. Mr. Richardson has been the President of Richardson Electronics Ltd. since September 1989 and served as its Chief Opera ...
CEO Compensation Analysis
Compensation vs Market: Edward's total compensation ($USD1.26M) is above average for companies of similar size in the US market ($USD593.13K).
Compensation vs Earnings: Edward's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, COO | 30.58yrs | US$1.26m | 15.9% $8.8m | |
| Executive VP | 4.75yrs | US$422.59k | 0.21% $116.2k | |
| COO & Executive VP of Corporate Development | 4.42yrs | US$615.99k | 0.38% $207.6k | |
| Executive Vice President of Power & Microwave Technologies Group | 18.33yrs | US$475.84k | 0.015% $8.5k | |
| Executive VP & GM of Canvys | 4.58yrs | US$377.50k | no data | |
| CTO & VP of Marketing | no data | no data | no data | |
| Senior Vice President of Global Supply Chain | 11.33yrs | US$350.93k | 0.15% $82.1k |
8.0yrs
Average Tenure
54.5yo
Average Age
Experienced Management: RELL's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, COO | 30.58yrs | US$1.26m | 15.9% $8.8m | |
| Independent Director | 2.58yrs | US$34.90k | no data | |
| Independent Lead Director | 4.58yrs | US$44.90k | no data | |
| Independent Director | 6.58yrs | US$38.90k | no data | |
| Independent Director | 6.58yrs | US$38.90k | no data | |
| Independent Director | 6.58yrs | US$38.90k | no data |
6.6yrs
Average Tenure
70.5yo
Average Age
Experienced Board: RELL's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Richardson Electronics, Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Richardson Electronics, Ltd.
- Ticker: RELL
- Exchange: NasdaqGS
- Founded: 1947
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: US$55.168m
- Shares outstanding: 13.14m
- Website: https://www.rell.com
Number of Employees
Location
- Richardson Electronics, Ltd.
- 40W267 Keslinger Road
- PO Box 393
- LaFox
- Illinois
- 60147
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RELL | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Oct 1983 |
| RE3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 1983 |
Biography
Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company’s Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications. Its products are used to control, switch, or amplify electrical power signals, as well as are used as display devices in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. This segment also offers technical services for microwave and industrial equipment. The company’s Canvys segment provides custom display solutions, such as touch screens, protective panels, custom enclosures, specialized cabinet finishes, application specific software packages, and certification services to corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturer markets. Its Healthcare segment manufactures, refurbishes, and distributes diagnostic imaging replacement parts for CT and MRI systems; replacement CT and MRI tubes; hydrogen thyratrons, klystrons, and magnetrons; flat panel detector upgrades; and additional replacement solutions, as well as offers CT service training. This segment serves hospitals, medical centers, asset management companies, independent service organizations, and multi-vendor service providers. The company was founded in 1947 and is headquartered in LaFox, Illinois.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/31 03:40 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/02/29 |
| Annual Earnings | 2019/06/01 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.